Professional Documents
Culture Documents
Series-Dec/2017
Banking Awareness Special
Q1. The parameters that invite Prompt Corrective Action from the central bank
are-
(a) Capital to Risk weighted Asset Ratio
(b) Net Non-Performing Assets (NPA)
(c) Return on Assets (RoA)
(d) Leverage ratio
(e) All of the Above
Q3. In recent PCA framework, how many Risk Threshold categories are there?
(a) 2
(b) 3
(c) 4
(d) 5
(e) 6
Q4. The Banks with a net Non-Performing Asset (NPA) ratio of 6-9 percent will fall
under risk category _____________.
(a) 3
(b) 5
(c) 4
(d) 1
(e) 2
Q5. Once PCA is triggered by the regulator, the bank faces restrictions on
spending money on ________________.
(a) opening branches
(b) recruiting staff
(c) giving increments to employees
(d) Only (a) and (b)
(e) Only (a) (b), and (c)
Q7. Which among the following were the two banks on which initially restrictions
were imposed.
(a) SBI and BOB
(b) Indian Overseas Bank and PNB
(c) Dena Bank and UCO Bank
(d) IDBI Bank and UCO Bank
(e) Vijaya Bank and Bank of India
Q8. This year has been a season of putting banks under PCA category. What is the
meaning of "P" in PCA?
(a) Prompt
(b) Prove
(c) Public
(d) Price
(e) Personal
Q9. Till date there are how many banks on which PCA has been triggered?
(a) 8
(b) 10
(c) 11
(d) 9
(e) 13
Q10. The Banks with a net NPA ratio above 12 percent fall into the category
___________.
(a) 1
(b) 2
(c) 5
(d) 4
(e) 3
Q11. According to accepting public deposits, NBFCs can be classified into ____
broad categories.
(a) Two
(b) Three
(c) Four
(d) One
(e) Five
Q12. Which of the following is the country’s largest custodian and depository
participant?
(a) CIBIL
(b) SEBI
(c) NABARD
(d) SHCIL
Q16. Which of the following is the dimension of new 500 rupee note?
(a) 157 × 73 mm
(b) 66 × 150 mm
(c) 66 × 166 mm
(d) 147 × 73 mm
(e) None of the given options is true
Q17. Which of the following is the base color of 2000 rupee note?
(a) Stone Grey
(b) Green
Q19. Which of the following is the color of new 500 rupee note?
(a) Stone Grey
(b) Green
(c) Orange– Violet
(d) Magenta
(e) Red– Orange
Q20. Which of the following features on the reverse of 2000 rupee note?
(a) Mangalyaan
(b) Himalaya Mountains
(c) Red Fort
(d) Parliament of India
(e) Tractor
Q22. Maximum loan amount to individuals against physical security shares can be
_____
(a) 20 lakh
(b) 15 lakh
(c) 25 lakh
(d) 50 lakh
(e) 10 lakh
Q23. The process by which the central bank of a country controls the supply of
money in the economy by exercising its control over interest rates in order to
maintain price stability and achieve high economic growth is known as:
(a) Economic Policy
(b) Monetary Policy
(c) Fiscal Policy
(d) Credit Policy
(e) Budgetary Policy
Q25. Who amongst the following is the regulator in the financial system of the
country?
(a) OIC
(b) SEBI
(c) CRISIL
(d) TRAN
(e) CERC
Q27. In which year the Reserve Bank of India (RBI) Act, 1934 was amended to
provide a statutory basis for the implementation of the flexible inflation targeting
framework?
(a) May 2013
(b) May 2014
(c) May 2015
(d) May 2016
(e) May 2012
Q28. Which scheme/act has enables an expeditious and inexpensive forum to bank
customers for resolution of complaints relating to certain services rendered by
banks?
(a) Reserve Bank of India Act, 1934
(b) Banking Regulation Act, 1949
(c) Securitization Act 2002
(d) FEMA
(e) Banking Ombudsman Scheme
Q29. The Banking Ombudsman Scheme is introduced by RBI with effect from-
(a) 1991
(b) 1995
(c) 1990
(d) 2002
(e) 2006
Q30. IBA adopts a consultative approach to give its views on any issue pertaining
to banking sector. What is the meaning of "I" in IBA?
(a) International
(b) Institute
(c) Investment
(d) Indian
(e) Increase
Q31. Which Bank has launches 10-second paperless instant loan Scheme?
(a) HDFC
(b) SBI
(c) PNB
(d) IDBI
(e) ICICI
Q32. Which among the following organisation to provide Rs 30,000 crore credit to
farmers for irrigation?
(a) NABARD
(b) RBI
(c) SBI
(d) PNB
(e) SIDBI
Q33. Which of the following bodies regulates the Regional Rural Banks?
(a) Union Government
(b) SBI
(c) RBI
(d) NABARD
(e) SIDBI
Q34. Which among the following banks has launched the First Multi-Currency
Contactless Card service in India?
(a) HDFC Bank
(b) Axis Bank
Q35. Name the organisation, which has allows Banks to tie up with insurers?
(a) IRDAI
(b) RBI
(c) SBI
(d) World Bank
(e) SEBI
Q37. If the shares or convertible debentures are not issued within __________ days
from the date of receipt of the inward remittance or date of debit to
NRE/FCNR(B)/Escrow account, the amount shall be refunded.
(a) 210 days
(b) 150 days
(c) 180 days
(d) 120 days
(e) 90 days
Q40. ECB can be raised under Track-II for general corporate purpose (including
working capital). The minimum average maturity period will be-
(a) 05 years
(b) 10 years
(c) 15 years
(d) 20 years
(e) 25 years
S15. Ans.(b)
Q41. Loan and Advances of a bank come under which of the following category?
(a) Assets
(b) Liabilities
(c) Deposits
(d) All of the Above
(e) None of the given options is true
Q42. RBI sold its stake in NABARD to the Government of India, which now holds
_____ stake.
Q46. NSDL is the first and largest depository in India, established in-
(a) August 2003
(b) August 1991
(c) August 1989
(d) August 1999
(e) August 1996
Q47. A Public Provident Fund (PPF) account holder can deposit a maximum of-
(a) 1.5 Lakhs
Q50. The Board of Industrial and Financial Reconstruction (BIFR) came into
existence in-
(a) 1999
(b) 1995
(c) 1991
(d) 1987
(e) 1982
Q52. DRT has been constituted under Section 3 of the Recovery of Debts Due to
Banks and Financial Institutions Act, 1993. DRT stands for-
(a) Debt Recovery Tribunals
(b) Demand Recovery Tribunals
(c) Deposit Recovery Tribunals
(d) Debt Refinance Tribunals
(e) Debt Recovery Treaty
Q55. Securitisation act 2002 is enables the banks to issue notices to defaulters who
have to pay the debts within __________ days.
(a) 90 days
(b) 60 days
(c) 30 days
(d) 120 days
(e) None of the given options is true
Q56. Who is the present Chairman and Managing Director (CMD) of Dena Bank?
(a) Ashwani Kumar
(b) Ramesh S Singh
(c) Shakti Rao
(d) Rakesh Sethi
(e) Amit Chatterjee
Q58. Founded in 1943, UCO Bank is a commercial bank and a Government of India
Undertaking. Who is present MD & CEO of UCO Bank?
(a) Charan Singh
(b) G Subramania Iyer
(c) Md Mustafa
(d) Ajay Tyagi
(e) RK Takkar
Q61. Name the person, who has took over the charge of the United Bank of India
as its Managing Director & CEO on 9th August 2016?
(a) Pawan Kumar Bajaj
(b) Rajnish Kumar
(c) Sunil Arora
(d) Rajeev Mehrishi
(e) Usha Ananthasubramanian
Q63. Indian Overseas Bank is a major public sector bank based in Chennai. Who is
present MD & CEO of Indian Overseas Bank?
(a) PS Jayakumar
(b) T C A Ranganatha
(c) R Subramaniakumar
(d) Sunil Mehta
(e) Rajeev Rishi
Q65. Founded as 'Canara Bank Hindu Permanent Fund' in 1906, by late Shri
Ammembal Subba Rao Pai, a philanthropist, this small seed blossomed into a
limited company as 'Canara Bank Ltd.' in 1910 and became Canara Bank in 1969
after nationalization. Who is the present MD and CEO of Canara Bank?
(a) Venkatachalam Ramakrishna Iyer
(b) Mahadev Nagendra Rao
(c) Uma Shankar
(d) MV Rao
(e) Rakesh Sharma
Q66. Mukesh Kumar Jain has been appointed as Managing Director & Chief
Executive Officer of ________.
(a) Oriental Bank of Commerce
(b) Allahabad Bank
(c) Canara Bank
(d) Punjab and Sindh Bank
(e) Syndicate Bank
Q67. Syndicate Bank was established in 1925 in Udupi, the abode of Lord Krishna
in coastal Karnataka with a capital of Rs.8000. Name the Chairman of Syndicate
Bank?
(a) Kamal Kishore Singhal
(b) Ajay Vipin Nanavati
(c) Melwyn Rego
(d) S Krishnan
(e) Vandana Kumari Jena
Q68. Punjab & Sind Bank is a government-owned bank, with headquarters in New
Delhi. Who is present Chairman & Managing Director of Punjab & Sind Bank?
(a) Harsh Bir Singh
(b) Pradipta K Jena
(c) Jatinderbir Singh
(d) Fareed Ahmed
(e) Govind N Dongre
Q69. Kishor Kharat is Managing Director & Chief Executive Officer of which Bank?
(a) Vijaya Bank
(b) Union Bank of India
(c) Bank of Baroda
(d) Indian Bank
(e) Dena Bank
Q71. Name the Private sector Bank, which has received $150 million funding from
the US government and Wells Fargo to increase lending to support women
entrepreneurs and small and medium-sized enterprises in India.
(a) Axis Bank
(b) ICICI Bank
(c) Yes Bank
(d) Kotak Mahindra Bank
(e) South Indian Bank
Q73. Which Bank has tied up with PFG Forex for remittance facility for the benefit
of Indian expatriates from Australia. The new facility will leverage the bank to
reach the Indian diaspora?
(a) Axis Bank
(b) ICICI Bank
(c) Bank of Baroda
(d) State Bank of India
(e) South Indian Bank
Q74. FINO Payments Bank has commenced operations as a payments bank with
effect from 30th June 2017 according to the Reserve Bank of India. Where is the
head office of FINO Payments Bank?
(a) Chennai
(b) Jaipur
(c) Bengaluru
(d) Mumbai
(e) Punjab
Q75. The Financial Stability Board (FSB) is an international body for the global
financial system, has placed India in the league of countries that are 'compliant or
largely compliant’ on the implementation of priority area reforms. In which among
the following year FSB was established?
(a) 2001
(b) 2009
(c) 2003
(d) 2015
(e) 1997
Q77. Which among the following insurance comapany and Apollo Munich Health
have come together to launch ‘Click2Protect Health plan’, which provides both life
and health cover under a single plan?
(a) Aviva Insurance company
(b) MetLife insurance company
(c) Sun Life Financial
(d) HDFC Life Insurance
(e) ING Group
Q79. The government has kept unchanged the interest rates on small savings
schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi for October-December
quarter. Sukanya Samriddhi Account can be opened up to age of _______ years only
from the date of birth.
(a) 5 years
(b) 10 years
(c) 15 years
(d) 20 years
(e) 25 years
Q80. Which Bank has entered into an MoU with Hindustan Petroleum Corporation
Ltd (HPCL) for enabling all HPCL retail outlets with BHIM/UPI merchant solutions?
(a) Vijaya Bank
(b) Corporation Bank
(c) Bank of India
(d) State Bank of India
(e) Bank of Baroda
Q82. Which of the following bank launches India’s first Mobile ATM?
(a) HDFC Bank
(b) Axis Bank
(c) ICICI Bank
(d) SBI
(e) Bank of Baroda
(d) UK
(e) Japan
Q84. _______ is a financial market in which share prices are rising or expected to
rise.
(a) Bear Market
(b) Bull Market
(c) Pig Market
(d) High Market
(e) None of the given options is true
Q86. The “in-principle” approval for setting up ‘small finance banks’ granted by
RBI will be valid for-
(a) 12 Months
(b) 24 Months
(c) 10 Months
(d) 18 Months
(e) 30 Months
Q88. Which of the following is a pension scheme focused on the workers in the
unorganised sector?
(a) SSY
(b) AMRUT
(c) APY
(d) PMAY
(e) None of the given options is true
Q90. Who among the following appoints the “Authorized Dealers” for foreign
exchange transactions?
(a) GOI
(b) RBI
(c) PSBs
(d) FEDAI
(e) FIMMDA
Q91. SMERA Ratings Limited is a full service Credit Rating Agency, registered with-
(a) ECAI
(b) RBI
(c) SEBI
(d) NSIC
(e) NABARD
Q96. The Reserve Bank of India (RBI) is to launch a financial literacy drive in 80
blocks in nine states on the pilot basis to educate people on e-transactions, formal
sector borrowings and insurance purchases. What is the aim of this drive?
(a) To inculcate the habit of making a household budget and recording financial
transactions
(b) Encourage transactions in savings accounts
(c) Active saving by depositing in banks through fixed deposits and recurring deposits
(d) All of the above is the aim of this drive
(e) Refers to the efficient and effective management of money (funds) in such a manner
as to accomplish the objectives
Q97. Senior Citizen Savings Scheme (SCSS) Account is an individual of the Age of
________ or more may open the account.
(a) 60 years
(b) 55 years
(c) 70 years
(d) 50 years
(e) 65 years
Q98. In the Fifth Bi-monthly Monetary Policy Statement 2017-18, the Monetary
Policy Committee (MPC) has decided to keep the policy repo rate under the
liquidity adjustment facility (LAF) unchanged at-?
(a) 5.50 percent
(b) 5.75 percent
(c) 6.25 percent
(d) 6.50 percent
(e) 6.00 percent
Q99. RBI has notified that P2P lending platforms need to be regulated and treated
on par with Non-Banking Financial Companies (NBFCs). P2P stands for-
(a) Product-to-Product
(b) Peer-to-Peer
(c) Person-to-Person
(d) Primary-to-Primary
(e) Priority-to-Priority
Best of Luck
Anish Khan
SBI IIT, NEW DELHI
Mob- 9720440786